L.t.c. Tyres And Exhausts Limited

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l.t.c. tyres and exhausts limited Company Information

Live

MatureSmallDeclining

Company Number

04519785

Website

http://www.ltctyres.co.uk

Registered Address

unit 1 vine lane, halesowen, B63 3EB

Industry

Retail trade of motor vehicle parts and accessories

Telephone

01215506084

Next Accounts Due

May 2025

Group Structure

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Directors

Daren MacDonald22 Years

James MacDonald2 Years

Shareholders

daren kenneth macdonald 96%

james malcolm macdonald 4%

l.t.c. tyres and exhausts limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of L.T.C. TYRES AND EXHAUSTS LIMITED at £1.5m based on Net Assets of £526.7k and 2.84x industry multiple (adjusted for liquidity).

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L.t.c. Tyres And Exhausts Limited is a live company located in halesowen, B63 3EB with a Companies House number of 04519785. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in August 2002, it's largest shareholder is daren kenneth macdonald with a 96% stake. L.t.c. Tyres And Exhausts Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Pomanda's financial health check has awarded L.T.C. Tyres And Exhausts Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.5m, make it in line with the average company (£1.7m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.9%)

EXPORT

L.T.C. Tyres And Exhausts Limited's latest turnover from August 2023 is estimated at £1.5 million and the company has net assets of £526.7 thousand. According to their latest financial statements, L.T.C. Tyres And Exhausts Limited has 13 employees and maintains cash reserves of £722.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,472,548	1,114,532	1,159,113	1,618,829	1,038,567	1,157,569	1,127,728	1,044,685	1,160,280	1,076,637	816,003	954,917	983,018	907,531	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,045,897	752,480	806,813	1,130,216	675,786	771,129	747,104	695,302	789,212	740,874	541,897	621,944	647,880	604,677	0
Gross Profit	426,651	362,052	352,300	488,613	362,782	386,440	380,624	349,382	371,068	335,764	274,106	332,972	335,138	302,855	0
Admin Expenses	417,990	380,414	182,334	257,910	286,273	363,472	297,518	306,879	375,335	346,631	275,179	339,251	353,653	318,468	-89,194
Operating Profit	8,661	-18,362	169,966	230,703	76,509	22,968	83,106	42,503	-4,267	-10,867	-1,073	-6,279	-18,515	-15,613	89,194
Interest Payable	4,125	3,584	1,525	0	0	0	796	796	0	0	0	0	0	0	0
Interest Receivable	30,773	8,602	469	308	952	494	41	4	9	11	43	39	2	2	1
Pre-Tax Profit	35,308	-13,344	168,910	231,011	77,460	23,462	82,351	41,710	-4,258	-10,856	-1,030	-6,240	-18,513	-15,611	89,194
Tax	-8,827	0	-32,093	-43,892	-14,717	-4,458	-15,647	-8,342	0	0	0	0	0	0	-24,974
Profit After Tax	26,481	-13,344	136,817	187,119	62,743	19,004	66,704	33,368	-4,258	-10,856	-1,030	-6,240	-18,513	-15,611	64,220
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,481	-13,344	136,817	187,119	62,743	19,004	66,704	33,368	-4,258	-10,856	-1,030	-6,240	-18,513	-15,611	64,220
Employee Costs	375,433	316,111	399,893	431,497	391,197	410,468	441,547	194,764	193,220	197,914	163,319	185,547	162,618	158,870	0
Number Of Employees	13	12	15	16	15	16	19	8	8	8	7	8	7	7	0
EBITDA*	27,404	5,405	198,628	266,700	109,959	45,612	106,179	73,093	16,671	4,552	14,610	10,436	-2,858	2,310	104,756

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	53,999	71,300	85,978	107,990	100,350	112,019	116,881	145,954	105,474	71,892	75,470	76,995	77,215	86,474	73,099
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	53,999	71,300	85,978	107,990	100,350	112,019	116,881	145,954	105,474	71,892	75,470	76,995	77,215	86,474	73,099
Stock & work in progress	188,519	190,281	275,794	210,263	194,318	158,851	213,683	244,496	231,091	207,659	200,822	228,599	224,056	219,821	215,611
Trade Debtors	34,900	40,017	71,319	148,517	55,028	73,076	46,894	43,853	41,574	32,749	23,283	43,256	47,889	32,191	28,899
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	64,384	170,215	47,126	65,842	60,000	60,000	7,250	0	0	0	0	0	0	0	0
Cash	722,932	507,968	475,170	463,243	152,915	100,853	30,920	1,511	1,444	2,318	2,223	15,081	322	392	316
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,010,735	908,481	869,409	887,865	462,261	392,780	298,747	289,860	274,109	242,726	226,328	286,936	272,267	252,404	244,826
total assets	1,064,734	979,781	955,387	995,855	562,611	504,799	415,628	435,814	379,583	314,618	301,798	363,931	349,482	338,878	317,925
Bank overdraft	0	0	0	0	0	0	0	25,482	0	0	0	0	0	0	0
Bank loan	10,000	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	415,658	365,515	285,792	450,589	301,710	286,869	235,003	311,149	350,958	302,548	278,872	339,975	319,286	290,169	253,605
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	5,123	10,168	10,168	0	0	0	0	0	0	0
other current liabilities	76,371	57,995	89,692	147,998	52,204	64,639	37,110	35,865	0	0	0	0	0	0	0
total current liabilities	502,029	433,510	385,484	598,587	353,914	356,631	282,281	382,664	350,958	302,548	278,872	339,975	319,286	290,169	253,605
loans	22,500	32,500	40,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	3,463	11,970	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	20,813	0	0	0	0	0	0
provisions	13,500	13,547	16,336	20,518	19,066	21,280	22,000	0	0	0	0	0	0	0	0
total long term liabilities	36,000	46,047	56,336	20,518	19,066	21,280	25,463	11,970	20,813	0	0	0	0	0	0
total liabilities	538,029	479,557	441,820	619,105	372,980	377,911	307,744	394,634	371,771	302,548	278,872	339,975	319,286	290,169	253,605
net assets	526,705	500,224	513,567	376,750	189,631	126,888	107,884	41,180	7,812	12,070	22,926	23,956	30,196	48,709	64,320
total shareholders funds	526,705	500,224	513,567	376,750	189,631	126,888	107,884	41,180	7,812	12,070	22,926	23,956	30,196	48,709	64,320

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	8,661	-18,362	169,966	230,703	76,509	22,968	83,106	42,503	-4,267	-10,867	-1,073	-6,279	-18,515	-15,613	89,194
Depreciation	18,743	23,767	28,662	35,997	33,450	22,644	23,073	30,590	20,938	15,419	15,683	16,715	15,657	17,923	15,562
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,827	0	-32,093	-43,892	-14,717	-4,458	-15,647	-8,342	0	0	0	0	0	0	-24,974
Stock	-1,762	-85,513	65,531	15,945	35,467	-54,832	-30,813	13,405	23,432	6,837	-27,777	4,543	4,235	4,210	215,611
Debtors	-110,948	91,787	-95,914	99,331	-18,048	78,932	10,291	2,279	8,825	9,466	-19,973	-4,633	15,698	3,292	28,899
Creditors	50,143	79,723	-164,797	148,879	14,841	51,866	-76,146	-39,809	48,410	23,676	-61,103	20,689	29,117	36,564	253,605
Accruals and Deferred Income	18,376	-31,697	-58,306	95,794	-12,435	27,529	1,245	35,865	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-47	-2,789	-4,182	1,452	-2,214	-720	22,000	0	0	0	0	0	0	0	0
Cash flow from operations	199,759	44,368	-30,367	353,657	78,015	95,729	58,153	45,123	32,824	11,925	1,257	31,215	6,326	31,372	88,877
Investing Activities
capital expenditure	-1,442	-9,089	-6,650	-43,637	-21,781	-17,782	6,000	-71,070	-54,520	-11,841	-14,158	-16,495	-6,398	-31,298	-88,661
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,442	-9,089	-6,650	-43,637	-21,781	-17,782	6,000	-71,070	-54,520	-11,841	-14,158	-16,495	-6,398	-31,298	-88,661
Financing Activities
Bank loans	0	0	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-7,500	40,000	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-5,123	-8,508	-8,507	22,138	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-20,813	20,813	0	0	0	0	0	0
share issue	0	1	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	26,648	5,018	-1,056	308	952	494	-755	-792	9	11	43	39	2	2	1
cash flow from financing	16,648	-2,481	48,944	308	-4,171	-8,014	-9,262	533	20,822	11	43	39	2	2	101
cash and cash equivalents
cash	214,964	32,798	11,927	310,328	52,062	69,933	29,409	67	-874	95	-12,858	14,759	-70	76	316
overdraft	0	0	0	0	0	0	-25,482	25,482	0	0	0	0	0	0	0
change in cash	214,964	32,798	11,927	310,328	52,062	69,933	54,891	-25,415	-874	95	-12,858	14,759	-70	76	316

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for l.t.c. tyres and exhausts limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in B63 area or any other competitors across 12 key performance metrics.

L.T.C. TYRES AND EXHAUSTS LIMITED group structure

L.T.C. Tyres And Exhausts Limited has no subsidiary companies.

Ultimate parent company

L.T.C. TYRES AND EXHAUSTS LIMITED

04519785

L.T.C. TYRES AND EXHAUSTS LIMITED Shareholders

daren kenneth macdonald	96.04%
james malcolm macdonald	3.96%

L.T.C. Tyres And Exhausts Limited currently has 2 directors. The longest serving directors include Mr Daren MacDonald (Aug 2002) and Mr James MacDonald (Sep 2022).

officer	country	age	start	end	role
Mr Daren MacDonald	England	55 years	Aug 2002	-	Director
Mr James MacDonald	England	50 years	Sep 2022	-	Director

P&L

August 2023

turnover

1.5m

+32%

operating profit

8.7k

gross margin

29%

-10.81%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

526.7k

+0.05%

total assets

1.1m

+0.09%

cash

722.9k

+0.42%

net assets

Total assets minus all liabilities

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company number

04519785

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

August 2002

ultimate parent company

None

previous names

N/A

address

unit 1 vine lane, halesowen, B63 3EB

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to l.t.c. tyres and exhausts limited. Currently there are 1 open charges and 0 have been satisfied in the past.

l.t.c. tyres and exhausts limited Company Information

l.t.c. tyres and exhausts limited Estimated Valuation

l.t.c. tyres and exhausts limited Estimated Valuation

l.t.c. tyres and exhausts limited Estimated Valuation

L.t.c. Tyres And Exhausts Limited Overview

L.t.c. Tyres And Exhausts Limited Health Check

L.T.C. TYRES AND EXHAUSTS LIMITED financials

l.t.c. tyres and exhausts limited Credit Report and Business Information

L.t.c. Tyres And Exhausts Limited Competitor Analysis

l.t.c. tyres and exhausts limited Ownership

l.t.c. tyres and exhausts limited directors

l.t.c. tyres and exhausts limited company details

l.t.c. tyres and exhausts limited Charges & Mortgages

l.t.c. tyres and exhausts limited Companies House Filings - See Documents